Following its series on the role of blockchain in commodities trade finance, Fastmarkets looks next at the digitization of supply chain management.
A consortium of metals and mining industry participants has teamed up with a blockchain technology firm to develop a platform to improve supply chain management and create efficiencies in the sector.
Working with MineHub, the consortium includes mining firm Goldcorp, minerals exploration company Kutcho Copper, Dutch bank ING, trading house Ocean Partners USA, and streaming company Wheaton Precious Metals. Each of these participating companies represents a key area of the supply chain including mining, streaming, trade and finance.
The consortium’s goal is to build the MineHub platform and to create automation and cost savings...